English learning centres to drive demand for workspaces in Metro Cebu
The English as a Second Language (ESL) tutorial segment will become a future driver of the office market in the Philippines’ second largest metropolis, according to Colliers International via The Manila Times.
The growth of ESL centers is expected to continue and will boost demand for office spaces in Metro Cebu, the consultants said. “Colliers sees continued expansion of existing ESL centers as well as the entry of new players.
“We encourage developers to assess the office space requirements of these firms.”
Office stock in Metro Cebu hit 1.05 million square metres in 2018, rising nine percent from 970,000 square metres in 2017 due to an upswing in locators led by Philippine Online Gaming Operators (POGOs).
In addition, “BPO (business process outsourcing) tenants have been looking for PEZA-proclaimed spaces in areas outside Metro Manila to enjoy tax and non-tax incentives,” Colliers research manager Joey Roi Bondoc wrote in a recent report.
“Among the more viable alternative sites are Cavite, Cebu, Bacolod, Iloilo, Clark, and Davao,” he added.
The consultancy called on the Filipino government to expedite the proclamation of economic zones for office locators in provincial areas.
A former American colony, the Philippines is home to a large English-speaking workforce.
5 places to go in the Brooklyn of Bali
Surf culture, bohemian vibes and contemporary convenience collide in Canggu
Tax tinkering sparks fury in Hong Kong
Rebates favouring landlords angering those clamouring for more transformative policy change to the property market
Meet the American architect changing China’s cities
Studio Shanghai’s visionary founder Benjamin Wood eschews complicated flashiness to create urban environments that elevate the lives of inhabitants
South Korea’s smart cities getting smarter
Although showpiece smart city project, Songdo, is widely viewed as a letdown, South Korea is at the leading edge of efforts to pioneer innovation-led urban hubs in Asia
Overseas demand continues to propel the Philippines’ office sector
From western outsourcers to Chinese online gaming firms, international locators are homing in on the country's grade-A workspaces
2019 PropertyGuru Cambodia Property Awards celebrates the kingdom’s most ambitious properties in largest gala ceremony to date
Awards presented for Best Hotel Casino, Best Data Centre Development, Digital Innovation, and Building Communities
Malaysia’s exemplary projects reflect speedy journey to developed-nation status
Real estate sector instrumental in achieving country's ultimate ambition
2019 PropertyGuru Asia Property Awards (Sri Lanka) to be judged by the crème de la crème
2019 PropertyGuru Asia Property Awards (Sri Lanka) 2019 to be judged by the industry’s crème de la crème
PropertyGuru Asia Property Awards laurels Malaysia’s most resilient for 2019
Malaysian housing ministry enjoins the country's most illustrious development titans to build more mixed-use as local market undergoes consolidation
2019 PropertyGuru Asia Property Awards (Malaysia) recognises the country’s finest developers at glittering gala celebration
Landmark event attended by 500 senior industry figures
2019 PropertyGuru Asia Property Awards (Malaysia) reveal final shortlist of nominees
Malaysia’s finest residential, commercial, township and mass market developments will be recognised at glittering gala